3 Reasons BTC Rally Failed to Lift BCH Above 10-Day Resistance

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SOL-0.97%

Bitcoin Cash fell 3% on Sunday, August 10, sliding to $561 before staging a partial recovery to $579 by press time. The rejection indicates that BCH failed to reclaim the $600 and hit monthly peaks, similar to the Ethereum, Solana, and Bitcoin markets in recent sessions. Market reports show three key factors behind BCH volatile price trajectory.

First, following an announcement in July, world’s largest stablecoin issuer, Tether is due to USDT support for the Bitcoin Cash network in just 20 days, alongside other low-usage blockchains such as Omni Layer, Kusama, EOS, and Algorand. The wind-down, set for September 1, 2025, will see remaining tokens frozen and minting halted.

The exit of USDT’s $156 billion liquidity could weaken BCH’s role in stablecoin settlements, limiting on-chain demand. On-chain data trends suggest that corporate investors are already taking a...

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